Organizations Say Public Pensions Problem Overstated

February 7, 2011 ( – A group of 10 organizations representing state and local government agencies is fighting back against what it says is incorrect information being put out about public employee pension problems.

According to a fact sheet issued by the group, the “overwhelming majority” of public pension funds have enough money to continue paying their liabilities with more than $2.7 trillion in assets. Retirement systems also remain a small portion of state and local government budgets, amounting to about 3% according to the fact sheet.

Facts about pensions cited by the governmental organizations include:

  • State and local governments are already taking steps to secure their pensions for the long term;
  • Pension dollars help the economy of every jurisdiction;
  • Long-term investment returns of public funds continue to exceed expectations; and
  • State and local government retirement systems do not require, nor are they seeking, federal financial assistance.

For additional information, the public pension fact sheet is available at  An issue brief is at  

The material was released by the National Conference of State Legislatures, National Association of Counties, United States Conference of Mayors, National League of Cities, International City/County Management Association, National Association of State Auditors Comptrollers & Treasurers, Government Finance Officers Association, International Personnel Management Association for Human Resources, National Council on Teacher Retirement, and National Association of State Retirement Administrators.